All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Monte dei Paschi eyes €3.7bn profit by 2030 after Mediobanca deal
Meanwhile, Prime Minister Giorgia Meloni said that the state’s involvement with MPS has ended, and future governance will be left to market investors.
Lloyds moves account openings fully online – report
Staff will direct customers to use the bank’s digital platforms for the services.
Plaid valued at $8bn in new funding round – report
The round was intended to provide liquidity for employees holding shares in the privately held San Francisco-based company.
DBS, SMFG others vie for HSBC Indonesia retail unit – report
Interested banks include DBS Group, OCBC, UOB, Malaysia’s CIMB Group, and Japan’s Sumitomo Mitsui Financial Group.
JPMorgan plans worker redeployment amid AI push – report
The CEO discussed JPMorgan’s strategy for moving staff into different roles as automation advances across its operations.
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Santander aims for €20bn profit by 2028
The bank intends to grow its customer base from a projected 180 million in 2025 to over 210 million by 2028.
OTP Bank targets central Asia for further growth – report
The interest in the region comes after OTP’s acquisition of Ipoteka Bank in Uzbekistan in 2023.
US Fed moves to drop reputation risk in bank reviews
Instead, supervisory focus would shift to risks posing a direct threat to a bank’s stability and soundness.
Citi enters $2.5bn deal to sell 24% of Banamex to investors
The divestiture is part of its planned exit from its Mexican retail banking unit.
NAB launches integrated banking centre in Chatswood, Australia
The centre brings together support for everyday banking, private and premier banking, and fraud assistance, among others.